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Articles - commercial centres

DTZ Echinox: almost half the modern retail surface in Bucharest, concentrated in Sectors 3,6

Almost half the modern retail surface in Bucharest is found in Sectors 3 and 6, a study by DTZ Echinox shows. The stock of modern retail in Bucharest totaled last year 1.225 million sqm, after developers completed two new commercial centers with a total GLA of around 100,000 sqm.

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Immochan considers acquiring three plots for malls in Romania

French real estate developer Immochan ponders acquiring three pieces of land to build new shopping centers on the local market, and the investments could amount to EUR 300 million, reports local Economica.ro.

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Carrefour to open 6,500 sqm supermarket in AFI Brasov Shopping Mall

Carrefour has signed a lease agreement with AFI Europe on behalf of AFI Brasov Shopping Mall for the lease of over 6,500 sqm on the ground floor of the mall.

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Over 110,000 sqm of commercial space to be delivered in Romania next year

Romania will see about 110,000-180,000 sqm worth of new commercial space delivered next year, according to estimates by real estate consultancy firms. The most conservative estimate belongs to Jones Lang LaSalle (JLL).

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NEPI opens EUR 25 mln Shopping City Piatra-Neamt

Real estate developer New Europe Property Investment (NEPI) has opened on Thursday Shopping City Piatra-Neamt, following EUR 25 million investment.

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NEPI will start building new mall in Ramnicu Valcea next year

South-African real estate developer NEPI wants to start the construction of a 28,000-sqm commercial center in Ramnicu Valcea next year.

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Districts 2 and 3 host 40 pct of Bucharest’s retail stock, says Colliers International

Bucharest’s modern retail stock has increased to approximately 1.16 million sqm (gross leasable area – GLA) following the opening of the Veranda shopping mall last month, according to data from real estate consultancy Colliers International. Some 40 percent of this space – roughly 450,000 sqm – is located in Bucharest’s District 2 and District 3, thus increasing competition in this part of the capital.

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Developer of Cosmopolis residential complex in Romania invests EUR 2.2 mln in strip mall

Turkish group Opus Land Development, the developer of the residential complex Cosmopolis, will open a strip mall within the project at the end of November. The investment amounts to EUR 2.2 million.

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